Traveling and hotels have been intertwined for centuries. In the United States, after World War II, the hotel industry grew at a record pace. The postwar economic expansion increased commercial travel and sent incomes skyrocketing. Organized labor and the interstate highway system also helped the industry grow. As the industry grew, it became a battleground for domestic politics. Today, the hotel industry serves travelers by connecting them to attractions, activities, and places to see.
In recent years, the travel industry has experienced a dramatic shift in terms of the way information is delivered. Today, travel information is more accessible electronically than ever, which has created new opportunities for web-based agents. Travel & hotel companies can also start building an employer brand that attracts diverse service leaders. In addition, rising labor costs and a growing consumer demand have contributed to the increase in travel and hotel prices.
It’s important to consider the cancellation policy before making a reservation. High inflation is often associated with recession, so hotels should be very cautious about raising prices. In some cases, cancellation policies can be changed. However, it’s important to remember that last-minute bookings can lead to overbooked rooms.
If you are traveling on a budget, you can always try bed and breakfasts instead of a hotel. These are privately owned and operated establishments that often have four to eleven rooms, some of which have private bathrooms. Others have shared bathrooms. Bed and breakfasts are becoming increasingly popular with travelers.